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Games with Discontinuous Payoffs

Leo Simon

The Review of Economic Studies, 1987, vol. 54, issue 4, 569-597

Abstract: We prove an equilibrium existence result for a class of games with an infinite number of strategies. Our theorem generalises an earlier result by Dasgupta and Maskin. We also identify conditions under which the limit of pure-strategy equilibria of a sequence of finite games is an equilibrium for the limit game. We apply this result to obtain new existence results for the multi-firm, l-dimensional version of Hotellings's location game. The techniques used suggest a technique for computing such equilibria.

Date: 1987
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The Review of Economic Studies is currently edited by Thomas Chaney, Xavier d’Haultfoeuille, Andrea Galeotti, Bård Harstad, Nir Jaimovich, Katrine Loken, Elias Papaioannou, Vincent Sterk and Noam Yuchtman

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